Dhanlaxmi Bank jumps on reporting 63% rise in Q4 net profit
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Dhanlaxmi Bank is currently trading at Rs. 17.50, up by 0.39 points or 2.28% from its previous closing of Rs. 17.11 on the BSE.
The scrip opened at Rs. 17.80 and has touched a high and low of Rs. 18.15 and Rs. 17.41 respectively. So far 437898 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.45 on 16-Dec-2022 and a 52 week low of Rs. 10.50 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 18.15 and Rs. 16.43 respectively. The current market cap of the company is Rs. 441.00 crore.
The Institutions and Non-Institutions held 10.98% and 89.02% stake in the company respectively.
Dhanlaxmi Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The bank has reported 62.98% rise in its net profit at Rs 38.17 crore for the quarter under review as compared to Rs 23.42 crore for the same quarter in the previous year. Total income of the bank increased by 2.61% at Rs 311.49 crore for Q4FY23 as compared to Rs 303.58 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 37.49% rise in its net profit at Rs 49.36 crore as compared to Rs 35.90 crore for the previous year. Total income of the bank increased by 5.53% at Rs 1145.75 crore for year under review as compared to Rs 1085.76 crore for year ended March 31, 2022.
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